Eurizon Capital SGR S.p.A. Sells 24,238 Shares of Expeditors International of Washington, Inc. $EXPD

Eurizon Capital SGR S.p.A. reduced its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 12.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 178,480 shares of the transportation company’s stock after selling 24,238 shares during the quarter. Eurizon Capital SGR S.p.A. owned approximately 0.14% of Expeditors International of Washington worth $32,987,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. State Street Corp lifted its stake in Expeditors International of Washington by 1.5% during the second quarter. State Street Corp now owns 7,335,241 shares of the transportation company’s stock worth $1,195,498,000 after purchasing an additional 109,798 shares during the period. Kentucky Retirement Systems grew its stake in shares of Expeditors International of Washington by 97.2% in the 1st quarter. Kentucky Retirement Systems now owns 16,973 shares of the transportation company’s stock valued at $2,431,000 after purchasing an additional 8,367 shares during the period. International Assets Investment Management LLC grew its stake in shares of Expeditors International of Washington by 658.0% in the 3rd quarter. International Assets Investment Management LLC now owns 30,000 shares of the transportation company’s stock valued at $5,539,000 after purchasing an additional 26,042 shares during the period. Deutsche Bank AG acquired a new position in shares of Expeditors International of Washington in the 2nd quarter worth approximately $102,595,000. Finally, Allianz Asset Management GmbH lifted its position in shares of Expeditors International of Washington by 44.5% during the 2nd quarter. Allianz Asset Management GmbH now owns 612,352 shares of the transportation company’s stock worth $99,801,000 after buying an additional 188,581 shares during the period. Institutional investors and hedge funds own 94.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on EXPD. Robert W. Baird increased their price objective on Expeditors International of Washington from $190.00 to $200.00 and gave the stock a “neutral” rating in a research note on Thursday, October 1st. Barclays boosted their target price on shares of Expeditors International of Washington from $165.00 to $175.00 and gave the company an “underweight” rating in a research note on Wednesday, November 4th. Bank of America upped their target price on shares of Expeditors International of Washington from $181.00 to $189.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. TD Cowen increased their target price on shares of Expeditors International of Washington from $148.00 to $176.00 and gave the stock a “sell” rating in a research report on Wednesday, August 5th. Finally, Zacks Research raised shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 4th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $181.27.

Expeditors International of Washington Stock Performance

Shares of EXPD opened at $195.14 on Friday. The stock has a fifty day moving average price of $192.73 and a two-hundred day moving average price of $168.70. Expeditors International of Washington, Inc. has a 52-week low of $129.59 and a 52-week high of $207.93. The company has a market cap of $25.19 billion, a price-to-earnings ratio of 34.12, a PEG ratio of 5.00 and a beta of 1.08.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, November 3rd. The transportation company reported $2.65 EPS for the quarter, topping the consensus estimate of $2.22 by $0.43. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%. The firm’s revenue for the quarter was up 41.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.64 EPS. As a group, research analysts predict that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.

Expeditors International of Washington Announces Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be given a $0.81 dividend. This represents a yield of 79.0%. The ex-dividend date is Tuesday, December 1st. Expeditors International of Washington’s dividend payout ratio (DPR) is presently 20.56%.

Expeditors International of Washington Profile

Expeditors International of Washington is a global, non-asset-based logistics company that helps businesses move goods and manage supply chains. Founded in Seattle in 1979, the company arranges transportation and related services through its worldwide network. Its services include air and ocean freight forwarding, customs brokerage, cargo insurance, warehousing and distribution, and order and supply chain management. Expeditors coordinates shipments with carriers and other service providers rather than operating as a traditional transportation company.